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the only thing he can argue is that obama has not been a good steward of the economy, but as we know, obama has a very good answer to that. and that's on offense. then you think about what he has to do on defense. he's going to be on the defense on the 47%. he's going to be on defense on his tax question. i mean, this is a guy who doesn't have very much to work with at this point. so it's hard for me to see, even if he doesn't make a major gaffe, which he does on a weekly basis, even if he doesn't, what ammunition does he have to actually have a good showing? >> i'm told there are examples of elections turning on debates, president bush for example started gaining on al gore when they faced off in 2000. is it usually the case that debates are quite the kind of game-changer that everybody thinks this one has to be for romney to do anything successfully in november? >> no, it's not. the historical data shows that i think we sort of exaggerate the role of debates. i would tip my hat to the washington monthly that has a nice article that goes through some of the political science and poll
the only thing he can argue is that obama has not been a good steward of the economy, but as we know, obama has a very good answer to that. and that's on offense. then you think about what he has to do on defense. he's going to be on the defense on the 47%. he's going to be on defense on his tax question. i mean, this is a guy who doesn't have very much to work with at this point. so it's hard for me to see, even if he doesn't make a major gaffe, which he does on a weekly basis, even if he...
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that would slow the economy. it would reduce job creation and keep us stuck in the low growth, high unemployment environment we're at right now. lori: just for my background sake here in the u.s. we're at about 1% expansion rate. what is the highest level of income taxes you could pay to keep us in a free enterprise capital structure society? >> well, you know, i think it is hard to pick a particular rate because it depend on the tax base and a lot of other things. however, you know, right now we're at 35% and we have no growth. a lot of people point to the clinton years, you know what, we raised taxes and economy grew. go back and look at the in those days. the economy had everything going in its favor. right now the economy has everything going against it. raising taxes now based on lodgic we could raise it back then the two things don't jibe. we're in completely different time frame. lori: so what do you think will happen in france? you've got to predict a mass exodus. what does that mean for places like londo
that would slow the economy. it would reduce job creation and keep us stuck in the low growth, high unemployment environment we're at right now. lori: just for my background sake here in the u.s. we're at about 1% expansion rate. what is the highest level of income taxes you could pay to keep us in a free enterprise capital structure society? >> well, you know, i think it is hard to pick a particular rate because it depend on the tax base and a lot of other things. however, you know,...
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we're hurting the economy. unless we change the laws, the regulations that implement them will state. lori: can you tell me or is it fair to suggest that these burdensome costs are actually shaving points of gdp? >> there is no question about that. again, if i told you there have been a $500 billion tax increase will be talking and howard slow gdp growth. we know the debt burden is slowing gdp growth. its other shock that we are crawling along at something under one-and-a-half percent because we have an economy that has to many burdens. large new spending programs, large debt, and now large regulatory burden. lori: the most costly federal agencies of the epa, department of housing and human services. ideas for cuts? baena we are locked in as we are talking about, but going forward . >> you have to go to the epa and ask a very, very serious question. what point have we crossed the line with a green agenda is crushing the jobs agenda. i think that is a place where we ought to start. think hard about has been goin
we're hurting the economy. unless we change the laws, the regulations that implement them will state. lori: can you tell me or is it fair to suggest that these burdensome costs are actually shaving points of gdp? >> there is no question about that. again, if i told you there have been a $500 billion tax increase will be talking and howard slow gdp growth. we know the debt burden is slowing gdp growth. its other shock that we are crawling along at something under one-and-a-half percent...
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showing our a economy going in the wrong direction. >> during campaign season
showing our a economy going in the wrong direction. >> during campaign season
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too many americans are struggling to find work in today's economy. too many of those who are working are living paycheck to paycheck trying to make falling incomes meet rising prices for food and gas. more americans are living in poverty than when president obama took office and fifteen million more are on food stamps. president obama and i both care about poor and middle-class families. the difference is my policies will make things better for them. we shouldn't measure compassion by how many people are on welfare. we should measure compassion by how many people are able to get off welfare and get a good paying job. my plan will create twelve million new jobs over the next four years helping lift families out of poverty and strengthening the middle-class. i'm mitt romney and i approve this message because we can't afford another four years like the last four years. ♪ >>> startling new developments in the trial against the accused movie theater shooting in colorado james holmes. court documents released today reveal james holmes threatened an unide
too many americans are struggling to find work in today's economy. too many of those who are working are living paycheck to paycheck trying to make falling incomes meet rising prices for food and gas. more americans are living in poverty than when president obama took office and fifteen million more are on food stamps. president obama and i both care about poor and middle-class families. the difference is my policies will make things better for them. we shouldn't measure compassion by how many...
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. neil: president coming out swinging, hitting his favorite target, rich fies guys, with a patriotic duty to pay more. so jay, you hear this, and are you offended or what? >> i think it's shameful our president would accuse people who disagree with his tax policy unpatriotic, does that meaner mean erskine bowles and unpatriotic, the president owes everyone a apology. i am a supply side economic guy, i disagree with his policy, i am as patriotic as h he is, i am offended, i have a number of obama supporters that are appalled. neil: you are not enthused with what we said. dan, i thought, i guess he is okay with the 47% who don't pay income taxes, some legitimately ly, i know, that is a staggering figure, but that is okay? >> that is, neil, i assume you are directing it to me. neil: yes, i am. >> f
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. neil: president coming out swinging, hitting his favorite target, rich fies guys, with a patriotic duty to pay more. so jay, you hear this, and are you offended or what? >> i think it's shameful our president would accuse...
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naturally it will include the economy. now the latest polls somehow president obama erasing mitt romney's edge on that number one issue and actually leading in some polls who would better handle the economy. president obama is also using a new line. >> during campaign season you always hear a lot about patriotism. well, you know what? it's time for a new economic patriotism. an economic patriotism rooted in the belief that growing our economy begins with a strong and thriving middle class. >> joining any now "newsweek" columnist and cnbc contributor, zachary carabaugh. good friday, sir. economic patriotism is a new part of the lexicon here. >> it is a new part of the lexicon. it can mean just about anything. i don't mean to sound cynical about this. if you're for the president's economic policies, you're an economic patriot, and if you're against it, you're not. it's not a clear policy. it is a very catchy phrase. >> it is a very catchy phrase. in addition to being a centerpiece of a new ad, former ohio governor ted strick
naturally it will include the economy. now the latest polls somehow president obama erasing mitt romney's edge on that number one issue and actually leading in some polls who would better handle the economy. president obama is also using a new line. >> during campaign season you always hear a lot about patriotism. well, you know what? it's time for a new economic patriotism. an economic patriotism rooted in the belief that growing our economy begins with a strong and thriving middle...
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on the economy. he has been off. his friend has been terrific. >> he has done what he has been trained to do. it says on page 43 of the playbook, this is what you do. he doesn't know what else to do. lou: i have not heard a very good prescription from anyone else to be honest. you have the other side. chilly not functioning. the bottom line is you are in a very, very rare time. >> i can tell you what is going to happen. i just can't tell you when. lou: all right. tell us what is going to happen. >> what is going to happen is, you and i have talked. it the market has got to stop going up. yields are going to rise because if bernanke is right and it works the economy gets better if yields rise. there will be so much money lost in the bond market that people are not going to believe what happens to it, and that is going to force them, force them to go other places. lou: as always to the thank you for being here. thank you very much. up next, the obama administration admits the september 11th attack and libya that result
on the economy. he has been off. his friend has been terrific. >> he has done what he has been trained to do. it says on page 43 of the playbook, this is what you do. he doesn't know what else to do. lou: i have not heard a very good prescription from anyone else to be honest. you have the other side. chilly not functioning. the bottom line is you are in a very, very rare time. >> i can tell you what is going to happen. i just can't tell you when. lou: all right. tell us what is...
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economy. drop back in 1990, it dropped back in 2000 to 2001, and of course it dropped with the financial crisis an the great recession hit. what i'm worried about, mandy, what we're going to talk about right now is the far right side of that screen. both of these numbers are coming in under 50. and when we hit sub 50 for both these numbers it often portends, how i do say it, not good things. >> that is indeed ugly. in fact, brian, as we can see from those charts, when the numbers come in below 50 it often means we're heading into recession. let's ask dan greenhouse, and with us senior vice-president of the chase mid cap growth fund. dan, i would like to start with you first of all. as we can see, the economic numbers appear to be take a turn for the worst. and yet your not totally convinced that the stock market rally is over. is that a fair play? >> well, it is. it's important to remember that the u.s. stock market is not u.s. gdp. certainly in the short term if not the medium term. i would m
economy. drop back in 1990, it dropped back in 2000 to 2001, and of course it dropped with the financial crisis an the great recession hit. what i'm worried about, mandy, what we're going to talk about right now is the far right side of that screen. both of these numbers are coming in under 50. and when we hit sub 50 for both these numbers it often portends, how i do say it, not good things. >> that is indeed ugly. in fact, brian, as we can see from those charts, when the numbers come in...
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it turns out the economy is growing even more slowly than we thought. the government told us that u.s. growth in the second quarter was an anemic 1.7%, but today, the commerce department put out a new estimate showing us it was even less than that, just 1.3%. and this is what caught our attention in the report-- the government said half of the downward revision can be blamed on the drought. it's destroying crops, including the corn in this field le roy, illinois. and on the land clayton arnold has been farming in walker, missouri, for 40 years. a new report today on the drought says it continues to get 5%rse. it now covers 65.5% of the lower 21.5and in 21.5% of that area, the area you see in red, the drought is extreme or exceptional. so we asked anthony mason to dig further into the impact the rtought is having on our economy. t reporter: 90 miles southwest of dallas, in aquilla, texas, the drought has cut back ronnie gerik's cotton crop severely this year. f> it impacted not just myself but all the ag industry. >> reporter: in fact, the government now
it turns out the economy is growing even more slowly than we thought. the government told us that u.s. growth in the second quarter was an anemic 1.7%, but today, the commerce department put out a new estimate showing us it was even less than that, just 1.3%. and this is what caught our attention in the report-- the government said half of the downward revision can be blamed on the drought. it's destroying crops, including the corn in this field le roy, illinois. and on the land clayton arnold...
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i think the economy is weak. it's not strong by any means but the labor market looks like it is growing. i don't think it will rollover from modest job growth. claims are ploe low and tax receipts are improving. >> 1 30i7b 3% depend we got earlier this weak. a lot of people would call ate growth recession. i want to ask is this stall-speed or an actual recession? >> i think we have slowed since the 1.3% second quarter number larry. we are seeing durable goods orders down in july and august. we are seeing the pmi is down. importantly, europe is moving in to a recession. germany is now in recession and china is not doing its stimulus. you have a coordinated global slow down starts now and i think it is going to get worse. the reason is the pressure coming from the tax increase. businesses don't want to make a decision in the face of that much uncertainty and my view is the fed is actually contraction their. the more bonds the buy, the slower the economy goes. >> larry, i think david makes good points about global,
i think the economy is weak. it's not strong by any means but the labor market looks like it is growing. i don't think it will rollover from modest job growth. claims are ploe low and tax receipts are improving. >> 1 30i7b 3% depend we got earlier this weak. a lot of people would call ate growth recession. i want to ask is this stall-speed or an actual recession? >> i think we have slowed since the 1.3% second quarter number larry. we are seeing durable goods orders down in july and...
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the most important issues are jobs, economy, how you're going to get this economy moving again. so i think on both sides, this has become a false debate over should we tax or should we not tax the wealthy. i think it really takes the focus off the bigger issue, which wealthy voters are really looking at. maybe raise their taxes, maybe not. that's not even what's important for the wealthy themselves. what's important is how to grow again. >> and how do you grow when you're facing $16 trillion in debt? you have to make tough decisions like the entitlements. >> free cell phones. >> give them free cell phones. >> back to the tax question. i think it is key to solving the deficit problem. the tax plan that i would love someone to put forward, and i'm not sure anyone has, is lower every rate and close every loophole. lower every rate on businesses. yes, on millionaires and billionaires. close all the loopholes, which generally favor the wealthy. they favor the large corporations. what that would do, obviously, is broaden the base. but it would help small businesses. >> absolutely. who
the most important issues are jobs, economy, how you're going to get this economy moving again. so i think on both sides, this has become a false debate over should we tax or should we not tax the wealthy. i think it really takes the focus off the bigger issue, which wealthy voters are really looking at. maybe raise their taxes, maybe not. that's not even what's important for the wealthy themselves. what's important is how to grow again. >> and how do you grow when you're facing $16...
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plus the economy is a mess. why are more people suddenly feeling more confident and less conservative about their finances? are you? we're going to explain that coming up. the mayor of phoenix, arizona, goes on food stamps for a week to make a point. is the real point that the program loses 3/4 of a io
plus the economy is a mess. why are more people suddenly feeling more confident and less conservative about their finances? are you? we're going to explain that coming up. the mayor of phoenix, arizona, goes on food stamps for a week to make a point. is the real point that the program loses 3/4 of a io
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for half of the people on the economy, right? that's how the comments were percei perceived. to your question, ed, i want to add, this is not just having a trickledown effect to other senate races. the only shot we have at electing a new woman governor is actually -- >> it's ticket-wide, no question. >> who shouldn't be in a neck and neck race, but is, because of what's going on nationally with the gop. >> keli goff, sam stein. >>> coming up, a hidden video at a mitt romney fund-raiser has sparked controversy about mitt romney's past investments in china. we'll tell you all about it next. yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ phillips' lady ] live the regular life. phillips'. >>> up next, new details about mitt romney's past investments in china. >>> and later george w. bush is staying away from the campaign trail, but his trip to the cayman islands could be a headache for mitt. sleep train's inventory clearance sale is
for half of the people on the economy, right? that's how the comments were percei perceived. to your question, ed, i want to add, this is not just having a trickledown effect to other senate races. the only shot we have at electing a new woman governor is actually -- >> it's ticket-wide, no question. >> who shouldn't be in a neck and neck race, but is, because of what's going on nationally with the gop. >> keli goff, sam stein. >>> coming up, a hidden video at a mitt...
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this is the worst economy since the great depression. we're beginning to get, crawl out from underneath it. the economy here in phoenix is getting a little better but there are still a lot of people that used to be solidly middle class living under very difficult circumstances. including many who thought they would never be living on food stamps are living on food stamps n any government program there is small amount of abuse. that is the vast minority of people. the vast majority of people are need a program to help them get through difficult times on a temporary basis. after this economy turns around they will be fully employed. i hate to criticize a program because there are some people abuse it. the vast majority of people are good, hard-working people that need it. i can only tell you if you play by the rules, under the food stamp program you don't get a lot, at least for food. the ones i'm really thinking about during last week were kids. i mean, skip a few meals, it is kids living through it. melissa: nobody wants kids to go hungr
this is the worst economy since the great depression. we're beginning to get, crawl out from underneath it. the economy here in phoenix is getting a little better but there are still a lot of people that used to be solidly middle class living under very difficult circumstances. including many who thought they would never be living on food stamps are living on food stamps n any government program there is small amount of abuse. that is the vast minority of people. the vast majority of people are...
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i a negative reading below 50 which means the economy is contracting. first time we have seen that since 2009. we also got a negative reading on consumer confidence from university of michigan. the reading was 78. confidence relatively high but not as high as some were hoping. apple's chief apologizing for the new map application saying he is, quote, extremely sorry and the new software does not live up to the company's standards. apple is down. $8. after the break, is practicing law a moral issue or is it just about making money? mark lanier will defend his business model. i should say profession. next. things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) what a strange place. geico®. fifteen minutes could save you fifteen percent or more on car insurance. stuart: first off is mcdonald's. nicole: it was custom neutral. on growth concerns. looking at the noted and the global picture and we will look at the next company but just right off the bat when you look at the analysts' reports
i a negative reading below 50 which means the economy is contracting. first time we have seen that since 2009. we also got a negative reading on consumer confidence from university of michigan. the reading was 78. confidence relatively high but not as high as some were hoping. apple's chief apologizing for the new map application saying he is, quote, extremely sorry and the new software does not live up to the company's standards. apple is down. $8. after the break, is practicing law a moral...
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if you look at the polls and ask people how the economy are doing. democrats say great, republicans say it's doing terribly, politics there is trumping and lived experience of the economy, pretty remarkable. >> i want to bring in an old and sort of strongly held beleaf among conservatives that rick santorum voiced talking about who's on their side. >> we will never have the media on our side. ever in this country. we will never have the elite, smart people on our side. because they believe they should have the power to tell you what to do. >> i love this. the elite smart people, the last time i checked, run a lot of companies because they're elite and many cases because they are smart and good at certain things and what mitt romney referred to as the 1% recently in his tax discussion and what santorum is talking about are elites who contribute and control a lot of the debate, right? >> well, so what i see here, both with the polls can make -- you can make polls say anything which is not true, you cannot make polls say anything, ands also with this --
if you look at the polls and ask people how the economy are doing. democrats say great, republicans say it's doing terribly, politics there is trumping and lived experience of the economy, pretty remarkable. >> i want to bring in an old and sort of strongly held beleaf among conservatives that rick santorum voiced talking about who's on their side. >> we will never have the media on our side. ever in this country. we will never have the elite, smart people on our side. because they...
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on the economy, right? that's h the comments were perceived. to your question, ed, i want to add, this is not just having a trickledown effect to other senate races. the only shot we have at elecng a new woman governor is acly -- >> it's ticket-wide, no tion. >> who shouldn't be in a neck and neck race, but is, because of what's going on nationally with the gop. >> keli goff, sam stein. >>> coming up, a hidden video at a mitt romney fund-raiser has sparked controversy about mitt mney's past investments in china. we'll tell you all about it next. >>> up next, new dls about mitt romney's past investments in china. ttnepanvenlsut in china. >>> and later george w. bush is staying away from the campaign trail, but his trip to the cayman islands could be a headache for mitt. >>> when i was back in my private equity days we went to china to buy a factory there. and, boy, about 20,000 people, and they work in these huge factories. they make various small appliances. and we re wkingo fatyeiherke mber of hours they w
on the economy, right? that's h the comments were perceived. to your question, ed, i want to add, this is not just having a trickledown effect to other senate races. the only shot we have at elecng a new woman governor is acly -- >> it's ticket-wide, no tion. >> who shouldn't be in a neck and neck race, but is, because of what's going on nationally with the gop. >> keli goff, sam stein. >>> coming up, a hidden video at a mitt romney fund-raiser has sparked controversy...
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the spanish economy dropping 6.5%. cheryl: charles payne was on with us when this crashed the wires. this does not mean anything to him. they do not need new capital. shocker. ashley: it really paves the way for the government itself to ask for a full-blown bailout. they are still concerns about the conditions attached that the ecb outlined. over there books and budget which they do not like. cheryl: before you go, ashley, i have to get your pre-action. france, 75% in taxes. ashley: 75%. if you earn over $190,000, your rate will be 45%. it is purely symbolic. it is not going to generate a whole lot of money. anyone earning that kind of money is already moving their money around. it will hurt france because they will not be able to attract the top ceos or business either. cheryl: double-click a huge mistake. ashley, thank you very much. we will see you at 2:00 p.m. eastern time. dennis: in other solar company soaking up tax dollars. dan springer joins us live in portland, oregon. >> one that we try to ask the ceo yester
the spanish economy dropping 6.5%. cheryl: charles payne was on with us when this crashed the wires. this does not mean anything to him. they do not need new capital. shocker. ashley: it really paves the way for the government itself to ask for a full-blown bailout. they are still concerns about the conditions attached that the ecb outlined. over there books and budget which they do not like. cheryl: before you go, ashley, i have to get your pre-action. france, 75% in taxes. ashley: 75%. if you...
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. >> reporter: while romney today making it clear he'll bring it back to the economy, firing back with new numbers just today, growth in this country slower than we thought. >> look at the numbers that just came out and the growth of our economy. 1.3% versus russia at 4%? china at 7% to 8%? we're at 1.3%. this is unacceptable. >> reporter: and both candidates, out with new ads, looking straight to camera, a direct appeal. romney in a plaid shirt, no tie, looking to show a compassionate side. >> president obama and i both care about poor and middle class families. the difference is, my policies will make things better for them. >> reporter: and the president, that table behind him, with what he'd say if invited to yours. >> when i took office, we were losing nearly 800,000 jobs a month, and were mired in iraq. today, i believe that as a nation, we are moving forward again. >> reporter: and with that renewed push for romney to try to convince voters of his empathy, an image from the campaign of a young romney, a missionary overseas, missing his girlfriend. his heart then as romney works
. >> reporter: while romney today making it clear he'll bring it back to the economy, firing back with new numbers just today, growth in this country slower than we thought. >> look at the numbers that just came out and the growth of our economy. 1.3% versus russia at 4%? china at 7% to 8%? we're at 1.3%. this is unacceptable. >> reporter: and both candidates, out with new ads, looking straight to camera, a direct appeal. romney in a plaid shirt, no tie, looking to show a...
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there is one by sector of the economy. he might be -- you might be -- age and income are frequently referred to. they represent degette. that is why it is so difficult for us to close it -- they represent the gap. that is why it is difficult for us to close is carried if i were also a candidate, i want to talk about the solution to the civil problem be to invest in kids. it is difficult to solve this problem without an economy that is doing better. one of the great disappointments to me, i can lay it on my own shoulders, when the auto industry ran into trouble, it got $80 billion. in the financial industry, when iran into trouble, it got $800 billion in the -- three months. how big is a sector that produces young adults? can you imagine an economy without young adults? if he were to expand into this economy is the sector that produces young adults, you know who produces your car or manages your checking account. that is the financial sector. you never produces the food on a table. the sector that produces young adults is a
there is one by sector of the economy. he might be -- you might be -- age and income are frequently referred to. they represent degette. that is why it is so difficult for us to close it -- they represent the gap. that is why it is difficult for us to close is carried if i were also a candidate, i want to talk about the solution to the civil problem be to invest in kids. it is difficult to solve this problem without an economy that is doing better. one of the great disappointments to me, i can...
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the economy was different then. today, governor romney attempted to drive home the point that proposed budget cuts will hurt the state. >> someone has calculated how many jobs will be lost in pennsylvania if the trillion dollars in cuts go through. it is 39,000 jobs. we cannot afford that. we recognize the consequence of what the president is doing is severe for the people in pennsylvania, severe for the entire nation and, in fact, because of the world's demand for american leadership, it is severe to the entire world. >>shepard: the governor could have his work cut out for him. the most recent real clear politics average of the national poll shows rebound with an eight-point advantage in that state. carl cameron is in boston. governor romney continued on the attack on foreign policy today. >>carl: he was at the university which was a strong back drop for it and had a conversation with israeli prime minister binyamin netanyahu seconds after the president. as he addressed that group, governor romney went after the pr
the economy was different then. today, governor romney attempted to drive home the point that proposed budget cuts will hurt the state. >> someone has calculated how many jobs will be lost in pennsylvania if the trillion dollars in cuts go through. it is 39,000 jobs. we cannot afford that. we recognize the consequence of what the president is doing is severe for the people in pennsylvania, severe for the entire nation and, in fact, because of the world's demand for american leadership, it...
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it's the economy. i hate to quote james carville, but it's the economy, stupid, once again. part of why people are focusing on anything but the economy is because economic news is not good. they have not passed a -- any budget much less a balanced budget in years. it is unbelievable. >> quick, because i want to get some sound, but go ahead. >> real quick, this notion that somehow the president and democrats aren't out there talking about the economy is laughable. the problem with the romney campaign is not that they don't talk about the economy. they don't talk about their policies. it's the american people aren't buying it. they do not want to go back -- um not sure what it takes for the romney campaign to observe this revelation. but they do not want to go back to the same policies that created this mess. that is the fundamental problem with the romney campaign. you cannot keep selling what people do not want to buy. >> okay, you know what? jonathan. i want to throw this at you. newt gingrich was on "morning joe" this morning and he was talking about what romney needs to d
it's the economy. i hate to quote james carville, but it's the economy, stupid, once again. part of why people are focusing on anything but the economy is because economic news is not good. they have not passed a -- any budget much less a balanced budget in years. it is unbelievable. >> quick, because i want to get some sound, but go ahead. >> real quick, this notion that somehow the president and democrats aren't out there talking about the economy is laughable. the problem with...
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how do you analyze those numbers. >> the economy is not growing. that is 1.7 is pretty bad, 1.25, we are obviously going in the opposite direction. if you look at the ceo survey recently that came out,. it basically says ceos we are heading to the 2009 economic growth. what is scary about this, there is no outrage from the media. we are heading toward a double-dip recession. we have a president who is advocating policies that didn't grow the question very well. i don't read about it. people are out of work. >> brian: they are going with the one statement that bill clinton it was so bad when he took over, even i couldn't turn the economy around in four years. >> when you talk to economists, never before has there been so much stimulus, particularly monetary system will, fed printing money. the only why that is happening, i wish bill clinton would use his common sense. the fiscal side of the coin, the side controlled by the white house. that side is scaring businesses. when you threaten them with taxes, you threaten them with more spending, with obam
how do you analyze those numbers. >> the economy is not growing. that is 1.7 is pretty bad, 1.25, we are obviously going in the opposite direction. if you look at the ceo survey recently that came out,. it basically says ceos we are heading to the 2009 economic growth. what is scary about this, there is no outrage from the media. we are heading toward a double-dip recession. we have a president who is advocating policies that didn't grow the question very well. i don't read about it....
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the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ wthe future of our medicare andr electiosocial security. for... a real difference. man 1: i want facts. straight talk. tell me your plan... and what it means for me. woman 2: i'm tired of the negative ads and political spin. that won't help me decide. man 2: i earned my medicare and social security. and i deserve some answers. anncr: where do the candidates stand on issues that... affect seniors today and in the future? find out with the aarp voters' guide at earnedasay.org boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada..
the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ wthe future of our medicare andr electiosocial security. for... a...
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martha: back to the economy now. there are dramatic new numbers that we got on economic growth this week that really show a stagnant economy. initially gdp growth estimate was up 1.7%, which is not a good number. you want to be north of 2% if you're going anywhere in this economy. then they took it down to the actual number which we got yesterday which got very little attention, really. 1.3% is the down regard revision on gdp for the second quarter. meanwhile the country is heading towards what has been talked about so much, the fiscal cliff that will kick in when we get into 2013, when the bush tax cuts expire and we've got 600 billion in spending cuts waiting around the corner. bob woodward talked about this. he talked about the efforts to avoid the fist alcliff and basically said that his reporting reveals that they have hit a wall because the president has a failure to community with lawmakers according to bob woodward, here is what he said. >> most of the most astonishing things is he doesn't have that relations
martha: back to the economy now. there are dramatic new numbers that we got on economic growth this week that really show a stagnant economy. initially gdp growth estimate was up 1.7%, which is not a good number. you want to be north of 2% if you're going anywhere in this economy. then they took it down to the actual number which we got yesterday which got very little attention, really. 1.3% is the down regard revision on gdp for the second quarter. meanwhile the country is heading towards what...
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our economy doesn't belong to just us anymore. it is a global economy. the next hour of "cnn newsroom" begins right now. >>> stoeshz we're watching right now in the newsroom, more u.s. staff leaving the embassy in tripoli, libya, as u.s. investigators try to figure out who is responsible for the attack in benghazi that killed the u.s. ambassador. a film maker hated by millions because of his anti-islam film is in jail. not because of the movie. really. the jimmy hoffa mystery solved? this is a live look at the suburban detroit home where investigators are digging right now. more from the scene in a bit. >>> get your flag pins and sense of pride. we're talking economic patriotism on the campaign trail. newsroom starts now. >>> good morning. happy friday to you. i am carol costello. we begin this hour, new intrigue in one of the most iconic crime mysteries in u.s. history. police in the detroit suburb of roseville may be breaking new ground in the 1975 disappearance of the former union boss jimmy hoffa. minutes ago crews began drilling a core sample from w
our economy doesn't belong to just us anymore. it is a global economy. the next hour of "cnn newsroom" begins right now. >>> stoeshz we're watching right now in the newsroom, more u.s. staff leaving the embassy in tripoli, libya, as u.s. investigators try to figure out who is responsible for the attack in benghazi that killed the u.s. ambassador. a film maker hated by millions because of his anti-islam film is in jail. not because of the movie. really. the jimmy hoffa mystery...
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gregg: steve, on the economy specifically, a majority of voters disapprove of the handling of the economy by the president. take a look at this. almost 60% think his economic policies have actually hurt the economy or made no difference at all and that of course is by far the number one issue yet 50% say he deserves to be reelected. do you think, steve, people believe the bill clinton argument that nobody, no president, could have actually solved this in four years? >> yeah, i do think that had some effect. there is no question that president obama came out of the conventions with a little bit of momentum. you talk, it is not only showing up in the public polling that we're talking about here today but talk to republican pollsters polling on senate and house races and they will talk about what they call the clinton bump. they have seen it across polling in various parts of the country that voters who are asked a question is the country on the right track, is the country on the wrong track, which most pollsters believe the single best determiner ho will win in november, there was a jump in
gregg: steve, on the economy specifically, a majority of voters disapprove of the handling of the economy by the president. take a look at this. almost 60% think his economic policies have actually hurt the economy or made no difference at all and that of course is by far the number one issue yet 50% say he deserves to be reelected. do you think, steve, people believe the bill clinton argument that nobody, no president, could have actually solved this in four years? >> yeah, i do think...
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everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. romney: "it's time to stand up to the cheaters" vo: tough on china? not mitt romney. when a flood of chinese tires threatened a thousand american jobs... it was president obama who stood up to china and protected american workers. mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? with a vial and syringe. me, explaining what i was doing at breakfast. and me discovering novolog mix 70/30 flexpen. flexpen is pre-filled with your pre-mix insulin. dial the exact dose. inject by pushing a button. no vials, syringes or coolers to carry. flexpen is insulin delivery my way. novolog mix 70/30 is an insulin used to control high blood sugar in adults with diabetes. do not inject if you do not
everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. romney: "it's time to stand up to the cheaters" vo: tough on china? not mitt romney. when a flood of chinese tires threatened a thousand american jobs... it was president obama who stood up to china and protected american workers....
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poll by "the washington post" and the kaiser family foundation shows that medicare trails only the economy as the top voting issue in the swing states of florida, ohio, and virginia. and among voters who say medicare is extremely important to their vote, obama swamps romney by, get this, 13 points. when voters in those states were asked a similar question, woman they trusted to deal with the medicare program, obama again trumps romney in all the polls. in ohio obama leads romney on medicare by 19. in florida, 15. in virginia, 13. other polls have shown president obama's advantage on medicare has grown significantly since ryan joined the ticket. so let's go back to this again, trying to figure this out. he bought into a guy who was known primarily for this voucher plan, getting rid of medicare as we know it. basically go to a doctor and the bills are paid by medicare. you can't beat a system like that, joy ann, i don't think on this planet earth and have something paid for when you go to do it. there's nothing like it. >> and -- >> why would anybody want to change it? nobody would want to c
poll by "the washington post" and the kaiser family foundation shows that medicare trails only the economy as the top voting issue in the swing states of florida, ohio, and virginia. and among voters who say medicare is extremely important to their vote, obama swamps romney by, get this, 13 points. when voters in those states were asked a similar question, woman they trusted to deal with the medicare program, obama again trumps romney in all the polls. in ohio obama leads romney on...
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citing deteriorating outlook of the global economy. so not a great way to start the morning. >> no, not great, but i like seeing what we did -- i saw ge and i was going to tell whoever thinks that we need to kiss up to them still -- >> minority partner. >> they are. but comcast would have been a better -- or we could have done both. and did i see something that it had first quarter, second quarter, third quarter? what do i need in the fourth quarter to get to the 30%? do we hahave that anymore? is that gone? no, they don't have it. >> i saw the dow, s&p and nasdaq. >> what did it add up to? adds up to like 15 or so. >> i just saw for this quarter. >> oh, it didn't show first quarter, second quarter -- >> no. >> there are corporate headlines. people started getting plaq blackberries? >> they beat expectations. >> they lost money, they beat expectations. >> but they added subscribers. >> subscribers in developed countries. the point is a developing -- in the developing countries, i mean -- >> that's us. >> no, developing. >> okay. >> so
citing deteriorating outlook of the global economy. so not a great way to start the morning. >> no, not great, but i like seeing what we did -- i saw ge and i was going to tell whoever thinks that we need to kiss up to them still -- >> minority partner. >> they are. but comcast would have been a better -- or we could have done both. and did i see something that it had first quarter, second quarter, third quarter? what do i need in the fourth quarter to get to the 30%? do we...
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an economic patriotism rooted in the belief that growing our economy begins with a strong and thriving middle-class. >> reporter: while mitt romney reached out to veterans in the critical northern virginia suburbs. >> we will make sure and restore our economy and put people back to work, get rising take home pay again. we are going to make sure we have a military that is second to none. i will do those things. >> reporter: right now the president has the edge in the key battleground states include vag va where he is ahead by 4 points. romney told abc's david muir, he is not deterred by the numbers. >> well i am very pleased with some polls. less so with other polls. frankly at this early stage. polls go up. polls go down. >> reporter: it is not really early. in fact, voting is already under way. voters in iowa started heading to the polls. next tuesday voters in ohio can do the same. that's why the president's latest ad where he is speaking directly to the camera for two minutes looks like a closing argument. >> there will be debates. speeches, and more ads. but if i could sit down wit
an economic patriotism rooted in the belief that growing our economy begins with a strong and thriving middle-class. >> reporter: while mitt romney reached out to veterans in the critical northern virginia suburbs. >> we will make sure and restore our economy and put people back to work, get rising take home pay again. we are going to make sure we have a military that is second to none. i will do those things. >> reporter: right now the president has the edge in the key...
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the economy is starting to turn. the president hopes that speeds up. 55% say the economy is the most important thing, that's what's on their mind. watch out, this fiscal cliff thing is a big deal and coming up quick. >> josh, you have business owners a couple years said we're not going to invest, we will keep 3 trillion on the sidelines, don't know what will happen because of regulations, are they going to raise taxes. we have a third reason for business owners to be scared. what happens with the fiscal cliff and when we go over the side of the cliff. what happens when you raise taxes, cut spending at the same time? i mean, it is a horrifying business climate that will only cause the economy to grind to a halt more, which again leads to the question why is mitt romney losing. >> it is. and the only real certainty is it is not something that gets decided before the election. one of the ironies is that for all of the bad news, if you look at consumer confidence, it shot up the last few days since the democratic convent
the economy is starting to turn. the president hopes that speeds up. 55% say the economy is the most important thing, that's what's on their mind. watch out, this fiscal cliff thing is a big deal and coming up quick. >> josh, you have business owners a couple years said we're not going to invest, we will keep 3 trillion on the sidelines, don't know what will happen because of regulations, are they going to raise taxes. we have a third reason for business owners to be scared. what happens...
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obama has advantages over romney on the economy and a range of issues. one thing that stood out in the poll is that a lot of voters didn't like how obama's handling the situation in libya. and the romney campaign sort of sees that as well which is why you see them hitting obama so hard on this lately. but there is still a problem here for romney. this is why the debates are so important. romney wants to change the fundamental structure of this race with this debate coming up next wednesday. remember, over 50 million people watched the first presidential debate in 2008. this is going to be a big moment coming up next week, fred, for mitt romney. >> well, let's shift to the u.s. senate and how pivotal any race could be. the democrats have a six-seat majority, but they're defending 23 seats in the election, with republicans defending just 10. so what would give the republicans a pretty good shot at seizing a 51-seat majority, but they also have a big problem and that is that race in missouri. >> yes. that race in missouri between todd akin, he of legitimate
obama has advantages over romney on the economy and a range of issues. one thing that stood out in the poll is that a lot of voters didn't like how obama's handling the situation in libya. and the romney campaign sort of sees that as well which is why you see them hitting obama so hard on this lately. but there is still a problem here for romney. this is why the debates are so important. romney wants to change the fundamental structure of this race with this debate coming up next wednesday....